West Indies Cricket Fans Forum
Guyana’s fourth crude lift by November
GUYANA could expect its fourth shipment of crude in November 2020, as the Ministry of Natural Resources is working to secure a suitable firm to market Guyana’s crude by October.
The country secured its third crude lift in August 2020. Though payment for this shipment is yet to be processed, Guyana already has over US$90M in its Natural Resource Fund (NRF) from previous shipments, royalties and interest. Guyana’s first three million-barrel cargoes of crude were contracted to Shell Western Supply and Trading.
Recently, the government decided to retender the Request For Proposal (RFP) for companies to market Guyana’s crude, with the aim of correcting bids made under the then “illegal” APNU+AFC Government. Previously, 34 large oil traders had submitted proposals, and 19 were shortlisted. It is likely that many of these companies or more will re-submit proposals.
“We’re trying to wrap up this process sometime early October; the process of selecting the company, because the next lift will be some time in November, so we need to give the company some time to be ready,” Minister Vickram Bharrat said.
Guyana is entitled to five crude cargoes for this year as part of its profit share with ExxonMobil and its Joint-Venture (JV) partners. This means that with Shell having received its three cargoes, the country can market its crude to another company or location.
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Guyana Diaspora Forum
We have a large database of Guyanese worldwide. Most of our readers are in the USA, Canada, and the UK. Our Blog and Newsletter would not only carry articles and videos on Guyana, but also other articles on a wide range of subjects that may be of interest to our readers in over 200 countries, many of them non-Guyanese We hope that you like our selections.
It is estimated that over one million Guyanese, when counting their dependents, live outside of Guyana. This exceeds the population of Guyana, which is now about 750,000. Many left early in the 50’s and 60’s while others went with the next wave in the 70’s and 80’s. The latest wave left over the last 20 years. This outflow of Guyanese, therefore, covers some three generations. This outflow still continues today, where over 80 % of U.G. graduates now leave after graduating. We hope this changes, and soon.
Guyanese, like most others, try to keep their culture and pass it on to their children and grandchildren. The problem has been that many Guyanese have not looked back, or if they did it was only fleetingly. This means that the younger generations and those who left at an early age know very little about Guyana since many have not visited the country. Also, if they do get information about Guyana, it is usually negative and thus the cycle of non-interest is cultivated.
This Guyana Diaspora Online Forum , along with its monthly newsletter, aims at bringing Guyanese together to support positive news, increase travel and tourism in Guyana and, in general, foster the birth of a new Guyana, which has already begun notwithstanding the negative news that grabs the headlines. As the editor and manager of the publication, I am committed to delivering Blog entries and Newsletters that are politically balanced, and focused on the positive ideas we wish to share and foster among Guyanese.
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